Poland
Poland launches huge renewable energy auction in bid to improve energy mix
Polish energy market regulator URE launched an auction for up to 2.5 gigawatts of onshore wind power capacity as Warsaw seeks to meet the EU-required target of a 15% share of renewable energy in final energy consumption by 2020.
Poland’s oil and gas giant Orlen plans takeover of utility Energa
PKN Orlen aims to build a strong group capable of competing on the international market, but takeover plans raise questions about Energa’s controversial project to build a major new coal-fired power plant.
Erdogan backs off threat to veto Nato defence plan for Poland, Baltics
Military bloc’s leaders don’t discuss Turkish leader’s demand for classification of Kurdish militia as “terrorist”. Communique describing “a forward-looking reflection process” appears to give strongman way out of dispute.
After Polish gold airlift, Slovakia mulls bringing its gold home from London
Slovakia’s former prime minister and leader of the ruling Smer party Robert Fico has called for Slovakia’s investment gold, stored in the Bank of England, to be brought home.
CEE “brimming with opportunities” in renewables — and airports
In a sign of the complex politics surrounding climate change, CEE has huge opportunities for investment into two growth areas: renewable energy and airports, finds a new study by law firm CMS.
Amazon to open pan-European e-commerce logistics centre in Poland
International online retail giant Amazon is preparing to open a 210,000 sqm e-commerce logistics centre serving the whole European market in Gliwice, southern Poland, revealed industrial real estate company Panattoni, which built the facility.
Polish GDP growth eases to 3.9% y/y in Q3, preliminary estimate shows
Domestic demand drove the headline result in July-September, although the pace of its growth slowed, while investment growth weakened considerably.
Polish PPI drops 0.1% y/y in October
The reading sees PPI inflation drop below the zero line for the first time since February 2018.
IIF: Game of loans, debt at record highs, climate concerns to drive up cost of borrowing further
Without question, rising debt levels have supported global growth since the 2008 financial crisis. However, there are increasing questions about the marginal utility of further borrowing—and a lot of concern that a continued ramp-up in debt could sp
Poland says key decisions on nuclear power plant just months ahead
The ruling PiS heralded the construction of up to six nuclear reactors by the 2040s in a move to reduce the dependence of the Polish economy on coal, which currently dominates in the national energy mix.
Moscow has the second highest road rage score in the world
Mister Auto released a survey of which cities in the world are the best and worst to drive in that found Moscow has the second highest road rage index in the world, after only Ulaanbaatar.
Far-right marches in Warsaw to celebrate Poland’s Independence Day
Tens of thousands of people joined the 10th Independence March, an annual event that has gained notoriety because it is organised by far-right parties and groups seen as gaining strength in Poland.
IIF: 2020 the climate super-year
The growing importance of environmental, social and governance (ESG) performance to investors (and ultimately to voters) is one of the most important forces shaping the new global economy. CO2 emissions must peak next year or we are in trouble.
Germany fails to protect Nord Stream 2 from EU gas laws
Germany’s Bundestag parliament has failed to pass a bill that would have helped shield the controversial Nord Stream 2 gas pipeline project from recent amendments to the EU’s gas directive.
30 YEARS OF TRANSITION: CEE makes enormous progress but held back by governance issues
If half of the governance gap between Central Europe and the G7 countries was closed, income convergence would be brought forward by almost a generation, says EBRD chief economist Beata Javorcik in an interview with bne IntelliNews.
30 YEARS OF TRANSITION: The East-West convergence in numbers
30 years after the fall of the Berlin Wall the new EU members haven’t yet caught up with Western Europe — but they are drawing level with the Southern European states that were battered by the international economic crisis.